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Flex Fitness is a health and fitness club that operates gym facilities through out the United States.Flex Fitness members pay their membership dues annually.Selected fiscal-
Flex Fitness is a health and fitness club that operates gym facilities through out the United States.Flex Fitness members pay their membership dues annually.Selected fiscal- year information from the company's balance sheets follows(thousands). Selected Balance Sheet Data 2016 Defered membership Income( liability) 500,568 2017 453,881 During fiscal 2016, Flex Fitness collected$1,119,833 cash for membership fees.Calculate the membership fee revenue that flex fitness recognizied during the year.
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